Foreign portfolio investments yield net inflows in May
MANILA, June 22 -- The Bangko Sentral ng Pilipinas (BSP) said portfolio investment transactions for the month of May yielded net inflows of US$106 million.
In a statement posted on the BSP website, it said however, that the figure was 68.1 percent lower than the US$333 million recorded a month ago.
In addition, registered investments were almost at the same level as April at US$1.5 billion due largely to several initial public offerings by Bloomberry Resorts Corporation, Rockwell Land Corporation, East West Banking Corporation and Calata Corporation.
Outflows, on the other hand, rose to US$1.4 billion (or by 23.9 percent) from last monthâ€™s level due to growing concerns about Greece and Spain.
Meanwhile, the main beneficiaries of investments in PSE-listed shares were: holding firms (US$337 million); diversified industrials (US$228 million); banks (US$183 million); property companies (US$138 million); and telecommunication firms (US$109 million).
Moreover, the United States, the United Kingdom, Hong Kong, Luxembourg and Singapore were among the top five (5) investor countries for the month, with the United States continuing to be the main beneficiary of outflows from investments. (BSP/RJB/JCP-PIA NCR)
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